After AA and CSX beating earnings it looks like its almost a guarantee that most companies will beat this quarter once again, I'm thinking an easy 80% of companies will beat earnings this quarter, maybe even more. Focus is definitely on INTEL tonight, sentiment from many analysts is extremely strong for this quarter, last quarter they beat by 5 cents and I think this quarter they should really have no problem beating estimates, also keep notice of their margins, any slight movement to the downside could really push the stock lower. Intel .43 EPS EST. $10.25 Billion REV EST. YUM .54 EPS EST. $2.54 Billion REV EST.
Good numbers reported by <a href="http://www.socialnews.biz/tag/Intel">Intel</a>. Up 5% in after hours.
Own SMH and selling first thing tomorrow at $29.50+, I can smell an opening rally followed by profit taking mid day, this market is extremely strong on nothing but analysts keeping EPS and revenue as low as possible and then watching company after company blow wayyyyyyyyyyy past earnings. Like I said it seems 80%+ of companies will beat.
Great analysis. Things are not too bad and not too good. When market gets carried away, like it seems it will be tomorrow, it is time to sell and when market brings up 500 reasons to sell and all dooms and gloom, it is time to load. This way my performance has been 109% YTD. Tomorrow I will be in taking profit side. I am also going to sell my SMH tomorrow.
I jumped in SMH way too early about 2 weeks ago around $28 and change, it dropped on me and I said I would hold until INTC announced knowing it would pass my purchase price, it did AH tonight so tomorrow I'm out and will wait to get in this time under $26.50. I may sell half and wait for TXN to announce their earnings since TXN makes up a large percent of SMH and its nearly a 99.9% chance they will beat as well.